Hulbert: Why Couldn't Wall Street 'Sell' BlackBerry?

9/24/2013 10:45AM

Even as late as Friday, most analysts on Wall Street still rated BlackBerry either a buy or hold. That’s just par for the course on the Street, where analysts are still loath to utter the word “sell.” MarketWatch’s Mark Hulbert joins MoneyBeat.

This transcript has been automatically generated and may not be 100% accurate.

... and ... even when it's Friday and Monday morning ... most analysts on Wall Street still rated BlackBerry e durable body or on hold ... at just four for the course on the street where analysts still loath to utter the word fell ... MarketWatch's Mark Hulbert has a few thoughts on analyst ratings on what we learn from BlackBerry Mark hell are you ... area I'm pretty good I ... some analysts report that the cash to buy BlackBerry we think about that ... with ... the contagion of an aircraft had no idea what does the piano ... I made is amazing how a Wall Street just as a complete aversion to ever see a sell them ... I mean it's it's a ... visibly if I ... think ... you look at BlackBerry a company that is I mean been sliding sliding fine for a long time ... and ... most of the analyst ... I mean ... how could you still have a buy rating on this company ... well I mean to be there along with them and our rating on hold in recent days and it's you know there were couple analysts taking a ... so ... so ago ... star ratings on Monday though the red button icons and closing the barn door after the the forces of last minute to watch for but that is going on for some time ... and and and it's only in the last couple days DNA start downgrading the Inn on Macie a candle holder Robeco ... which is another category that analysts live ... as a way of avoiding ever and the state were to sell it ... to be fair I mean I think that ... this is not unusual when the net effect of wind today I got from the Essen P for the all five hundred companies in the ... SB five hundred Index ... and something like ninety five percent of all the ratings of older high ... it's it's like insulate will be gone for all above average age is yet the SEC two point two percent of the ratings ... alone and thousands of individual ready for some absolutes ... companies are only two point two percent are actually sell ... you two questions two questions come to mind mark first is ... why is that ... that way ... in the second is ... how much trust should you put in these readings if they are so skewed towards By ... well yes but why why having a conflict of interest because this is nothing unusual ... event that is is is we all know that that that ... was a bit of firms ... also have relationships with the companies they rated it a one off and on and so therefore they don't wanna say nice things ... on accurate in just a wee ... bit and come to an end a decade ago there was this a theme so with the SCC ... gotten a lot of firms that separate their research departments from investment banking ... the incentive sees it had blown through the wall were supposed to predicting the two operations ... as for how much traction with the common ... symptom anyone with a ... tablet and is installing ... enough for your decoder ring out of your box of cereal in the morning and ... every time you were told that probably means to sell ... us the minimum you should try to take the and the wording isn't the reason so that they die ... secondly I mean we Guinea get a recap of why as Wall Street in favor ... of livestock Haranzo who want to advise on which stocks will warn you